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Advanced metering infrastructure (AMI) is an integrated system that comprises smart meters, software, communication networks, and data management that enables two way communication between customers and utility companies. The main purpose of AMI is to provide real-time data regarding power consumption to the utility companies and enable customers to save cost and energy based on the consumption. The increasing deployment of smart meters in residential sector is expected to drive the Europe advanced metering infrastructure market growth. The market was valued at US$ 5,410.7 million in 2020, and is expected to witness a CAGR of 9.2% during the forecast period (2021 – 2028) and reach US$ 10,825.6 million by 2028.

The rising number of government rules and regulations for implementation of smart meters is expected to drive market growth during the forecast period. Governments across Europe are issuing regulatory norms and legislative directives for installation of smart grids as well as smart meters. For instance, the European Union had replaced traditional electricity meters with advanced infrastructure in 2020, which would create lucrative opportunities for players operating in the advanced metering infrastructure market over the forecast period. Electricity providers are using smart meter data to improve grid operations, integrate distributed energy resources, and provide customer services. Additionally, through smart metering infrastructure, customers are regularly updated regarding their recent usage of electricity, which can help them track and manage their electricity bills.

Europe Advanced Metering Infrastructure Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including infrastructure, transportation, oil and gas, manufacturing, and others. To combat COVID-19 pandemic, most of the countries had implemented lockdown restrictions, which are now being eased slowly on phase-wise and industry-wise basis. The power sector has witnessed a falling demand and price reduction trend across the Europe. Manufacturers of hardware devices in the Europe advanced metering infrastructure market are facing several issues related to order closures due to lockdown imposed in various countries in the Europe.

Furthermore, utilities across the Europe have also announced the suspension of disconnection due to non-payment and delayed payment plans of customers impacted due to COVID-19 pandemic, which is expected to hamper market growth during the forecast period. Lockdowns in most of the European countries are expected to continue to curb the electricity demand, hampering the sales of utilities and other companies operating in the power sector. For instance, ABB, a Switzerland based automation company, faced decline in profitability in 2020 due to lower production volumes in all its businesses as compared to the sales volume in 2019.

Rest of Europe is expected to hold dominant position in the Europe advanced metering infrastructure market during the forecast period.

Statistics:

Rest of Europe held dominant position in the Europe advanced metering infrastructure market in 2020, accounting for 18.7% share in terms of value, followed by Germany, France, and others.

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Europe Advanced Metering Infrastructure Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 5,410.7 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 9.2% 2028 Value Projection: US$ 10,825.6 Mn
Geographies covered:
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Segments covered:
  • By Component: Hardware (Smart Meters, Communication Module, Others (IT Hardware, etc.)), Software (Meter Data Management (MDM), Head End System (HES), Meter Data Analytics, Others (AMI Security, etc.)), Services( System Integration, Meter Deployment, Others (AMI Consulting, etc.))
  • By End User: Residential, Commercial, Industrial
Companies covered:

Landis+Gyr, Itron Inc., Siemens AG, General Electric Co., IBM Corporation, Eaton Corporation, Aclara Technologies LLC, Elster Group GmbH, Schneider Electric SE, Gemalto, Cisco Systems, Inc., EDMI Limited, Diehl Stiftung & Co. KG, Apator SA, Flonidan A/S, and Sensirion AG 

Growth Drivers:
  • The rising number of government rules and regulations for implementation of smart meters
  • Rising demand for improved customer service and utility effectiveness
Restraints & Challenges:
  • High initial investment
  • Critical infrastructure and cyber security

Figure 1: Europe Advanced Metering Infrastructure Market Share (%), By Country, 2020

Europe Advanced Metering Infrastructure  | Coherent Market Insights

Among country, Rest of Europe held dominant position in the Europe advanced metering infrastructure market in 2020, and is expected to retain its dominance throughout the forecast period. This is due to rising construction activities in the Rest of Europe countries. For instance, according to Coherent Market Insights’ analysis,  Rest of Europe advanced metering infrastructure market was valued at US$ 1,011.5 Mn in 2020 up from US$ 846.8 Mn in 2017. The market is projected to generate revenue of US$ 2,159.6 Mn by 2028, exhibiting a CAGR of 19.8% over the forecast period.

Hardware segment is expected to drive the market growth during the forecast period.

Among component, hardware segment is expected to hold dominant position in the Europe advanced metering infrastructure market during the forecast period. Hardware segment is divided into three types: smart meter, communication module, and others. Smart meters are internet-based measuring devices used for measuring water, electric, and gas consumption in commercial, residential, and industrial areas. There are three types of smart meters such as gas meters, water meters, and electric meters. Smart meters provide support to utility companies by offering reliable and cost effective services to their consumers. Smart meters collect electric consumption data in 5, 10, 15, and 20 minutes intervals based on customer premises. Therefore, there is increase in adoption of smart meters in residential and commercial sector. For instance, according to Coherent Market Insights, installed base of smart meters in the Europe is expected to be around US$ 230 million by 2020.

Figure 2: Europe Advanced Metering Infrastructure Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2028

Europe Advanced Metering Infrastructure  | Coherent Market Insights

The Europe advanced metering infrastructure market was valued at US$ 5,410.7 Mn in 2020 and is expected to reach US$ 10,825.6 Mn by 2028 at a CAGR of 9.2% between 2021 and 2028.

Major players operating in the Europe advanced metering infrastructure market include Landis+Gyr, Itron Inc., Siemens AG, General Electric Co., IBM Corporation, Eaton Corporation, Aclara Technologies LLC, Elster Group GmbH, Schneider Electric SE, Gemalto, Cisco Systems, Inc., EDMI Limited, Diehl Stiftung & Co. KG, Apator SA, Flonidan A/S, and Sensirion AG.

Advanced metering infrastructure (AMI) is an integrated system of smart meters, communications networks, and data management systems that allows utilities and consumers to communicate in two directions. The system provides a number of important functions that were not previously possible or had to be performed manually, such as the ability to automatically and remotely measure electricity use, connect & disconnect service, detect tampering, identify & isolate outages, and monitor voltage. Moreover, growing demand for smart meters from industrial sector is driving the market growth during the forecast period. In industrial sector, advanced metering is adopted for gaining insights into energy consumption pattern, which further enables the organization to generate accurate load profiles for better resource planning and for better time-based billing. In addition to this, growing end-use industries such as automotive, manufacturing, healthcare, banking, construction, and energy and gas is expected to create lucrative opportunity for smart metering infrastructure market players. For instance, according to The Oxford Institute for Energy Studies, the demand for natural gas in European countries was 564 Bcm in 2020, and it is expected to rise to 618 Bcm in 2030, which would create lucrative demand for smart meters for gas consumption monitoring.

Market Dynamics

The emergence of disruptive technologies is driving the market growth during the forecast period. Disruptive technologies such as IoT (Internet of Things) and connected household devices have created growth opportunities for companies operating in the advanced metering infrastructure market. Moreover, increasing integration of IoT with smart grid poses major growth potential for market players over the forecast period.

Furthermore, industry 4.0 is mainly focused on digitization of manufacturing factories across Europe. Digitization also includes the adoption of smart meters for monitoring electricity consumption of manufacturing factories through an online portal or mobile application. This monitoring is expected to help manufacturers manage and control their electricity consumption. This is expected to generate lucrative growth opportunities for players operating in this market.

Key features of the study:

  • This report provides in-depth analysis of the Europe advanced metering infrastructure market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the Europe advanced metering infrastructure market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include Landis+Gyr, Itron Inc., Siemens AG, General Electric Co., IBM Corporation, Eaton Corporation, Aclara Technologies LLC, Elster Group GmbH, Schneider Electric SE, Gemalto, Cisco Systems, Inc., EDMI Limited, Diehl Stiftung & Co. KG, Apator SA, Flonidan A/S, and Sensirion AG
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The Europe advanced metering infrastructure market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Europe advanced metering infrastructure market

Detailed Segmentation

  • Europe Advanced Metering Infrastructure Market, By Component:
    • Hardware
      • Smart Meters
      • Communication Module
      • Others (IT Hardware, etc.)
    • Software
      • Meter Data Management (MDM)
      • Head End System (HES)
      • Meter Data Analytics
      • Others (AMI Security, etc.)
    • Services
      • System Integration
      • Meter Deployment
      • Others (AMI Consulting, etc.)
  • Europe Advanced Metering Infrastructure Market, End User:
    • Residential
    • Commercial
    • Industrial
  • Europe Advanced Metering Infrastructure Market, By Country:
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Company Profiles
    • Landis+Gyr *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Itron Inc.
    • Siemens AG
    • General Electric Co.
    • IBM Corporation
    • Eaton Corporation
    • Aclara Technologies LLC
    • Elster Group GmbH
    • Schneider Electric SE
    • Gemalto
    • Cisco Systems, Inc.
    • EDMI Limited
    • Diehl Stiftung & Co. KG
    • Apator SA
    • Flonidan A/S
    • Sensirion AG

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The Europe advanced metering infrastructure market is expected to reach US$ 10,825.6 million by 2028.
The market is expected to witness a CAGR of 9.2% during the forecast period (2021-2028).
The increasing demand for advanced metering infrastructure in residential and commercial sector is expected to drive growth of the Europe advanced metering infrastructure market during the forecast period.
The residential segment held the largest market share among end user in the market in 2020.
Rest of Europe held the largest share in the market in 2020, accounting for 18.7% share in terms of value.
Key players operating in the market include  Landis+Gyr, Itron Inc., Siemens AG, General Electric Co., IBM Corporation, Eaton Corporation, Aclara Technologies LLC, Elster Group GmbH, Schneider Electric SE, Gemalto, Cisco Systems, Inc., EDMI Limited, Diehl Stiftung & Co. KG, Apator SA, Flonidan A/S, and Sensirion AG.

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